The luxury fashion house Purple Style Labs raises $8 Mn in Series-D Funding Round, led by Sanket Parekh of the Pidilite family office.
Signet, the family office of Harish Shah, the family office of Hira Group, and additional investors participated in the round as well. This round was also attended by current investors such as Singularity Growth Opportunities Fund I, fashion designer Masaba Gupta, Neelesh Bhatnagar of NB Ventures, and Rahul Garg and Atul Gupta, former partners at Premji Invest.
“Since the acquisition of Pernia’s Pop-Up Shop in 2018, we have scaled it over 100x in less than six years, transforming it into the country’s largest luxury fashion omnichannel platform. In the coming years, we hope to achieve newer heights with further expansion into key domestic and international locations, launching new verticals aligning with our vision of taking Indian fashion & design to the next level,” said Purple Style Labs founder Abhishek (Monty) Agarwal.
Purple Style Labs
Founded by Agarwal in 2015, Purple Style Labs endeavours to build the biggest Luxury Fashion House in India comprising of two multi-designer platforms – Pernia’s Pop-Up Shop and The Stylist. Bringing together truly exceptional houses with an online and offline presence, Purple Style Labs is creating your favourite destinations to discover Indian Designer Wear in truly unique settings.